Ulta Beauty Inc. $ULTA Shares Bought by Perfromance Wealth Partners LLC

Perfromance Wealth Partners LLC lifted its holdings in Ulta Beauty Inc. (NASDAQ:ULTA) by 8.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 3,275 shares of the specialty retailer’s stock after acquiring an additional 250 shares during the quarter. Perfromance Wealth Partners LLC’s holdings in Ulta Beauty were worth $1,532,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Wayfinding Financial LLC purchased a new position in shares of Ulta Beauty in the first quarter worth approximately $31,000. Hemington Wealth Management increased its position in shares of Ulta Beauty by 142.9% in the second quarter. Hemington Wealth Management now owns 68 shares of the specialty retailer’s stock worth $31,000 after acquiring an additional 40 shares in the last quarter. Rakuten Securities Inc. increased its position in shares of Ulta Beauty by 218.5% in the first quarter. Rakuten Securities Inc. now owns 86 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 59 shares in the last quarter. North Star Investment Management Corp. increased its position in shares of Ulta Beauty by 71.4% in the first quarter. North Star Investment Management Corp. now owns 96 shares of the specialty retailer’s stock worth $35,000 after acquiring an additional 40 shares in the last quarter. Finally, Ransom Advisory Ltd purchased a new position in shares of Ulta Beauty in the first quarter worth approximately $36,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

Shares of ULTA opened at $542.93 on Tuesday. The company’s 50 day moving average price is $528.78 and its 200 day moving average price is $466.50. Ulta Beauty Inc. has a 52 week low of $309.01 and a 52 week high of $572.23. The company has a market capitalization of $24.34 billion, a PE ratio of 20.82, a PEG ratio of 3.02 and a beta of 1.08.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, August 28th. The specialty retailer reported $5.78 EPS for the quarter, beating analysts’ consensus estimates of $5.03 by $0.75. Ulta Beauty had a net margin of 10.31% and a return on equity of 48.78%. The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.66 billion. During the same period in the previous year, the firm posted $5.30 earnings per share. The firm’s revenue was up 9.3% on a year-over-year basis. On average, equities analysts forecast that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ULTA shares. Raymond James Financial reissued an “outperform” rating and issued a $605.00 target price (up from $580.00) on shares of Ulta Beauty in a research report on Friday, August 29th. Robert W. Baird lifted their target price on shares of Ulta Beauty from $575.00 to $600.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Citigroup lifted their target price on shares of Ulta Beauty from $450.00 to $550.00 and gave the stock a “neutral” rating in a research report on Monday, August 18th. Telsey Advisory Group reissued an “outperform” rating and issued a $610.00 target price on shares of Ulta Beauty in a research report on Monday, September 8th. Finally, Wall Street Zen downgraded shares of Ulta Beauty from a “buy” rating to a “hold” rating in a research report on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $549.33.

Insider Buying and Selling

In other Ulta Beauty news, Director Mike C. Smith sold 500 shares of the business’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $528.43, for a total value of $264,215.00. Following the completion of the sale, the director directly owned 2,263 shares of the company’s stock, valued at $1,195,837.09. The trade was a 18.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.39% of the stock is owned by corporate insiders.

About Ulta Beauty

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.